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      <invstOrSec>
        <name>Nuveen Enhanced Municipal Value Fund</name>
        <lei>42EF8JR28MEPRK5D4S35</lei>
        <title>Nuveen Enhanced Municipal Value Fund</title>
        <cusip>67074M101</cusip>
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          <isin value="US67074M1018"/>
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      <invstOrSec>
        <name>BNY Mellon Municipal Bond Infrastructure Fund Inc</name>
        <lei>5493003OUY2BKGFZ2414</lei>
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          <isin value="US09662W1099"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nuveen Municipal Credit Opportunities Fund</name>
        <lei>549300DD3V5NH59YTS11</lei>
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          <isin value="US6706631032"/>
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      <invstOrSec>
        <name>Eaton Vance Municipal Income 2028 Term Trust</name>
        <lei>549300MBQTU3LRVTCH04</lei>
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          <isin value="US27829U1051"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BlackRock Municipal Bond Trust</name>
        <lei>N13FNQG6SVW6WDIWRJ75</lei>
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          <isin value="US09249H1041"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BlackRock MuniYield Fund Inc</name>
        <lei>AVXF9RZVI4EDWXACOH81</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BlackRock Municipal 2030 Target Term Trust</name>
        <lei>549300TDIJ2J8F6X3N04</lei>
        <title>BlackRock Municipal 2030 Target Term Trust</title>
        <cusip>09257P105</cusip>
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          <isin value="US09257P1057"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BlackRock MuniHoldings Investment Quality Fund</name>
        <lei>3ZB936ECCHG0HCOPJB28</lei>
        <title>BlackRock MuniHoldings Investment Quality Fund</title>
        <cusip>09254P108</cusip>
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          <isin value="US09254P1084"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BlackRock MuniHoldings Quality Fund Inc</name>
        <lei>NFS78Q54XVQ5XSE3R379</lei>
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        <cusip>09254A101</cusip>
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          <isin value="US09254A1016"/>
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        <balance>56028.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Western Asset Municipal Defined Opportunity Trust Inc</name>
        <lei>549300M5OYYB41AFRD86</lei>
        <title>Western Asset Municipal Defined Opportunity Trust Inc</title>
        <cusip>95768A109</cusip>
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        <balance>40811.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nuveen Municipal High Income Opportunity Fund</name>
        <lei>BN7VUB6JBYC7TTWZRZ58</lei>
        <title>Nuveen Municipal High Income Opportunity Fund</title>
        <cusip>670682103</cusip>
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          <isin value="US6706821039"/>
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        <balance>241029.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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        <name>Eaton Vance Municipal Income Trust</name>
        <lei>549300DINBO2K1M6KL63</lei>
        <title>Eaton Vance Municipal Income Trust</title>
        <cusip>27826U108</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BlackRock MuniAssets Fund Inc</name>
        <lei>UJYLDIG1NIEEIV3PO802</lei>
        <title>BlackRock MuniAssets Fund Inc</title>
        <cusip>09254J102</cusip>
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        <name>BlackRock Muni Intermediate Duration Fund Inc</name>
        <lei>W7IEW9KTXVCYG8ZQQV11</lei>
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        <name>Nuveen AMT-Free Quality Municipal Income Fund</name>
        <lei>549300OTYQOOXS64NI63</lei>
        <title>Nuveen AMT-Free Quality Municipal Income Fund</title>
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        <name>Invesco Quality Municipal Income Trust</name>
        <lei>WLEGDSEH0E242WVNUY02</lei>
        <title>Invesco Quality Municipal Income Trust</title>
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        <name>Pioneer Municipal High Income Trust</name>
        <lei>1SKUXW31ZFWF61CETQ82</lei>
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        <name>Eaton Vance National Municipal Opportunities Trust</name>
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        <name>Nuveen Select Tax-Free Income2 Portfolio</name>
        <lei>549300H03PU68F15MD15</lei>
        <title>Nuveen Select Tax-Free Income2 Portfolio</title>
        <cusip>67063C106</cusip>
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        <name>Nuveen Quality Municipal Income Fund</name>
        <lei>549300RDIO25ZNWCOA97</lei>
        <title>Nuveen Quality Municipal Income Fund</title>
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        <name>Nuveen Select Tax-Free Income Portfolio</name>
        <lei>5493005XMO16VD219F88</lei>
        <title>Nuveen Select Tax-Free Income Portfolio</title>
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        <name>Nuveen Municipal Value Fund Inc</name>
        <lei>549300TFLBQ7LJSP8B20</lei>
        <title>Nuveen Municipal Value Fund Inc</title>
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        <name>Invesco Municipal Opportunity Trust</name>
        <lei>WERC5RXCUSU16MOTZ848</lei>
        <title>Invesco Municipal Opportunity Trust</title>
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        <name>BNY Mellon Strategic Municipal Bond Fund Inc</name>
        <lei>54930044KK4C1VDJ7M52</lei>
        <title>BNY Mellon Strategic Municipal Bond Fund Inc</title>
        <cusip>09662E109</cusip>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BlackRock Municipal Income Quality Trust</name>
        <lei>ZQ1Z8W71OQGQTC6ZJ410</lei>
        <title>BlackRock Municipal Income Quality Trust</title>
        <cusip>092479104</cusip>
        <identifiers>
          <isin value="US0924791041"/>
        </identifiers>
        <balance>123796.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1859415.92000000</valUSD>
        <pctVal>1.112170156182</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nuveen AMT-Free Municipal Credit Income Fund</name>
        <lei>549300LBMO1C0IG71T03</lei>
        <title>Nuveen AMT-Free Municipal Credit Income Fund</title>
        <cusip>67071L106</cusip>
        <identifiers>
          <isin value="US67071L1061"/>
        </identifiers>
        <balance>792006.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13345301.10000000</valUSD>
        <pctVal>7.982208525292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco Trust for Investment Grade Municipals</name>
        <lei>V0VF67S6NRLBDK357F71</lei>
        <title>Invesco Trust for Investment Grade Municipals</title>
        <cusip>46131M106</cusip>
        <identifiers>
          <isin value="US46131M1062"/>
        </identifiers>
        <balance>254666.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3376871.16000000</valUSD>
        <pctVal>2.019803791625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PIMCO Municipal Income Fund II</name>
        <lei>ZVT714KPY3QTZWRT1S41</lei>
        <title>PIMCO Municipal Income Fund II</title>
        <cusip>72200W106</cusip>
        <identifiers>
          <isin value="US72200W1062"/>
        </identifiers>
        <balance>138868.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2026084.12000000</valUSD>
        <pctVal>1.211859201559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PIMCO Municipal Income Fund III</name>
        <lei>SJUC6WH3GDYFFYIHMV67</lei>
        <title>PIMCO Municipal Income Fund III</title>
        <cusip>72201A103</cusip>
        <identifiers>
          <isin value="US72201A1034"/>
        </identifiers>
        <balance>79610.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>979203.00000000</valUSD>
        <pctVal>0.585689485461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNY Mellon Municipal Income Inc</name>
        <lei>549300BKYDDROJTY1E24</lei>
        <title>BNY Mellon Municipal Income Inc</title>
        <cusip>05589T104</cusip>
        <identifiers>
          <isin value="US05589T1043"/>
        </identifiers>
        <balance>88951.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>781879.29000000</valUSD>
        <pctVal>0.467664497610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco Advantage Municipal Income Trust II</name>
        <lei>DA89O2CSN0WUDR74HM71</lei>
        <title>Invesco Advantage Municipal Income Trust II</title>
        <cusip>46132E103</cusip>
        <identifiers>
          <isin value="US46132E1038"/>
        </identifiers>
        <balance>209780.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2433448.00000000</valUSD>
        <pctVal>1.455515257835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco Value Municipal Income Trust</name>
        <lei>X075VJ33QQP2G2NTOV20</lei>
        <title>Invesco Value Municipal Income Trust</title>
        <cusip>46132P108</cusip>
        <identifiers>
          <isin value="US46132P1084"/>
        </identifiers>
        <balance>222412.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3507437.24000000</valUSD>
        <pctVal>2.097899120391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BlackRock MuniVest Fund II Inc</name>
        <lei>TC1SINW7C50S8NN8GU32</lei>
        <title>BlackRock MuniVest Fund II Inc</title>
        <cusip>09253T101</cusip>
        <identifiers>
          <isin value="US09253T1016"/>
        </identifiers>
        <balance>91121.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1385039.20000000</valUSD>
        <pctVal>0.828431792378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BlackRock Municipal Income Trust</name>
        <lei>R3ITLLW1CUEQICP4XR90</lei>
        <title>BlackRock Municipal Income Trust</title>
        <cusip>09248F109</cusip>
        <identifiers>
          <isin value="US09248F1093"/>
        </identifiers>
        <balance>127196.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1933379.20000000</valUSD>
        <pctVal>1.156409721835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BlackRock MuniHoldings Fund Inc</name>
        <lei>MZBVMGS24JR92TGE6Z32</lei>
        <title>BlackRock MuniHoldings Fund Inc</title>
        <cusip>09253N104</cusip>
        <identifiers>
          <isin value="US09253N1046"/>
        </identifiers>
        <balance>66320.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1077700.00000000</valUSD>
        <pctVal>0.644603374869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MainStay MacKay DefinedTerm Municipal Opportunities Fund</name>
        <lei>549300AOV8XDBTKPOR64</lei>
        <title>MainStay MacKay DefinedTerm Municipal Opportunities Fund</title>
        <cusip>56064K100</cusip>
        <identifiers>
          <isin value="US56064K1007"/>
        </identifiers>
        <balance>67760.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1482588.80000000</valUSD>
        <pctVal>0.886779014589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BlackRock MuniYield Investment Fund</name>
        <lei>EIZ2BGDWQ33G5NLLRC32</lei>
        <title>BlackRock MuniYield Investment Fund</title>
        <cusip>09254R104</cusip>
        <identifiers>
          <isin value="US09254R1041"/>
        </identifiers>
        <balance>57444.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>811109.28000000</valUSD>
        <pctVal>0.485147795560</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BlackRock Long-Term Municipal Advantage Trust</name>
        <lei>G3XW7SJTEWPATVFP0M68</lei>
        <title>BlackRock Long-Term Municipal Advantage Trust</title>
        <cusip>09250B103</cusip>
        <identifiers>
          <isin value="US09250B1035"/>
        </identifiers>
        <balance>44803.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>577958.70000000</valUSD>
        <pctVal>0.345693726041</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MFS High Income Municipal Trust</name>
        <lei>0G9TCUWY2FBUXSJY2691</lei>
        <title>MFS High Income Municipal Trust</title>
        <cusip>59318D104</cusip>
        <identifiers>
          <isin value="US59318D1046"/>
        </identifiers>
        <balance>135713.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>685350.65000000</valUSD>
        <pctVal>0.409927940947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Neuberger Berman Municipal Fund Inc</name>
        <lei>549300IIZWX8QVUHXO20</lei>
        <title>Neuberger Berman Municipal Fund Inc</title>
        <cusip>64124P101</cusip>
        <identifiers>
          <isin value="US64124P1012"/>
        </identifiers>
        <balance>55531.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>845181.82000000</valUSD>
        <pctVal>0.505527561984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco Municipal Income Opportunities Trust</name>
        <lei>DJSR2NJ3985722G80Y20</lei>
        <title>Invesco Municipal Income Opportunities Trust</title>
        <cusip>46132X101</cusip>
        <identifiers>
          <isin value="US46132X1019"/>
        </identifiers>
        <balance>155885.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1233050.35000000</valUSD>
        <pctVal>0.737522888553</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BlackRock MuniEnhanced Fund Inc</name>
        <lei>RMI3KDDG32L37MBSL541</lei>
        <title>BlackRock MuniEnhanced Fund Inc</title>
        <cusip>09253Y100</cusip>
        <identifiers>
          <isin value="US09253Y1001"/>
        </identifiers>
        <balance>125715.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1524922.95000000</valUSD>
        <pctVal>0.912100287636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nuveen AMT-Free Municipal Value Fund</name>
        <lei>5493002K5IM2S29FUR04</lei>
        <title>Nuveen AMT-Free Municipal Value Fund</title>
        <cusip>670695105</cusip>
        <identifiers>
          <isin value="US6706951059"/>
        </identifiers>
        <balance>65151.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1080855.09000000</valUSD>
        <pctVal>0.646490524968</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BlackRock Municipal Income Trust II</name>
        <lei>17UVWS2OK706BUPLKK60</lei>
        <title>BlackRock Municipal Income Trust II</title>
        <cusip>09249N101</cusip>
        <identifiers>
          <isin value="US09249N1019"/>
        </identifiers>
        <balance>58493.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>899037.41000000</valUSD>
        <pctVal>0.537740139760</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>



      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2021-03-01</ncom:dateSigned>
      <ncom:nameOfApplicant>VanEck Vectors ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>James Parker</ncom:signature>
      <ncom:signerName>James Parker</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
